king about the potential impacts we just explored, do you
there is a potential for these to have a detrimental impact
omeone's ability to manage their fiances?
When someone is experiencing depression,
simple tasks like balancing their finances
may be difficult or in some cases impossible
due to the impact on their cognitive
bandwidth (our ability to think flexibly, solve
problems and retain new information).
If someone is unable to keep on top of their
fiances, bills may go unpaid, missed
payments may start to build up and they
may start to avoid dealing with letters, calls
or text relating to these
Due to the reduced ability to weigh up
information, someone suffering from poor
mental health may make decisions they
would not normally, such as gamble, 'get
rich quick scams', take out expensive shortterm borrowing or become a victim of fraud.